Common use of Force Majeure and Limitation of Liability Clause in Contracts

Force Majeure and Limitation of Liability. 15.1 Neither the Security Trustee nor any of the Secured Creditors shall be held responsible for any damage arising out of any Swedish or foreign legal enactment, or any measure undertaken by a Swedish or foreign public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance. The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Security Trustee or a Secured Creditor takes such measures, or is subject to such measures. 15.2 The Security Trustee or any Secured Creditor shall not in any case be held responsible for any indirect damage, consequential damage and/or loss of profit. Should there be an obstacle as described above for the Security Trustee or a Secured Creditor to take any action in compliance with this Agreement, such action may be postponed until the obstacle has been removed.

Appears in 2 contracts

Samples: Real Property Mortgage Agreement, Business Mortgage Agreement

AutoNDA by SimpleDocs

Force Majeure and Limitation of Liability. 15.1 17.1 Neither the Security Trustee nor any of the Secured Creditors shall be held responsible for any damage arising out of any Swedish or foreign legal enactment, or any measure undertaken by a Swedish or foreign public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance. The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Security Trustee or a Secured Creditor takes such measures, or is subject to such measures. 15.2 17.2 The Security Trustee or any Secured Creditor shall not in any case be held responsible for any indirect damage, consequential damage and/or loss of profit. Should there be an obstacle as described above for the Security Trustee or a Secured Creditor to take any action in compliance with this Agreement, such action may be postponed until the obstacle has been removed.

Appears in 1 contract

Samples: Share Pledge Agreement

AutoNDA by SimpleDocs

Force Majeure and Limitation of Liability. 15.1 16.1 Neither the Security Trustee nor any of the Secured Creditors shall be held responsible for any damage arising out of any Swedish or foreign legal enactment, or any measure undertaken by a Swedish or foreign public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance. The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Security Trustee or a Secured Creditor takes such measures, or is subject to such measures. 15.2 16.2 The Security Trustee or any Secured Creditor shall not in any case be held responsible for any indirect damage, consequential damage and/or loss of profit. Should there be an obstacle as described above for the Security Trustee or a Secured Creditor to take any action in compliance with this Agreement, such action may be postponed until the obstacle has been removed.

Appears in 1 contract

Samples: Loan Pledge Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!